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Acquisitions and Dispositions of Investments in Real Estate | 12 Months Ended
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Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract] |
Acquisitions and Dispositions of Investments in Real Estate | Note D— Acquisitions and Dispositions of Investments in Real Estate 2023 In February 2023, we sold a parking lot located in Wildwood, New Jersey for $1.5 million, resulting in a gain on sale of real estate of approximately $0.7 million. We received net proceeds of approximately $0.3 million after the repayment of the outstanding mortgage loan, interest and transaction costs. In February 2024, we disposed of our Cincinnati Race Street location for $3.15 million. As part of the agreement, we entered into a financing arrangement with the buyer. Under the terms of the financing arrangement, the buyer will pay interest of 8% on a $3.15 million dollar note for a term of 24 months, at which time the principal amount of the loan will be due. 2022 The following table is a summary of the one parking asset acquisition completed during the year ended December 31, 2022 (dollars in thousands). Schedule of Business Acquisitions by Acquisition
|  |  |  | Date |  | Property |  | # |  |  | Size / |  |  | Commercial |  |  | Purchase |
Property |  | Location |  | Acquired |  | Type |  | Spaces |  |  | Acreage |  |  | Sq. Ft. |  |  | Price |
222 Sheridan Bricktown Garage LLC |  | Oklahoma City, OK |  | 6/7/2022 |  | Garage |  |  | 555 |  |  |  | 0.64 |  |  |  | 15,628 |  |  | $ | 17,513 |
The following table is a summary of the allocated acquisition value of the property acquired during the year ended December 31, 2022 (dollars in thousands). Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
|  | Land and |  |  | Building and |  |  | In-Place Lease |  |  | Total assets |
|  | Improvements |  |  | improvements |  |  | Value |  |  | acquired |
222 Sheridan Bricktown Garage LLC |  | $ | 1,314 |  |  | $ | 16,020 |  |  | $ | 179 |  |  | $ | 17,513 |
In September 2022, we sold a parking lot located in Canton, Ohio for $0.7 million, resulting in a loss on sale of real estate of approximately $0.1 million. We received net proceeds of approximately $0.1 million after the repayment of the outstanding mortgage loan, interest and transaction costs.

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- Definition The entire disclosure for asset acquisition. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 50 -Name Accounting Standards Codification -Section 15 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480123/805-50-15-3 + Details
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